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Sydney fund beats the pack by betting the house on a few stocks

Bennelong Concentrated Australian Equities holds as little as a quarter of what others do

Wed, Nov 09, 2016 - 5:50 AM

Australia's largest pizza company is up 26 per cent this year after a 130 per cent surge in 2015. Bennelong Concentrated Australian Equities fund first bought the stock in 2012. The stock has climbed 6.7 per cent, the most in almost three months.

PHOTO: REUTERS

Sydney

OVER in Sydney, one fund is leaving the rest of the market behind by having the courage to bet the house on just a handful of stock picks. The Bennelong Concentrated Australian Equities fund is beating its competitors and almost doubling its benchmark by holding as few as 20 shares